NEXON Co., Ltd. Q2 FY2020 Earnings Call

· Earnings call transcript and AI-powered summary

  • Revenue: ¥64.5 billion, up 20% YoY (27% on constant-currency basis)—highest Q2 in company history.
  • Operating Income: ¥26.7 billion, up 106% YoY—also a record Q2.
  • Net Income: ¥19.8 billion—below expectations due to ¥6.7 billion FX loss tied to KRW/USD fluctuations.

Regional Performance

  • Korea: Exceptional performance led by:
    • MapleStory: +151% YoY, triple-digit growth on top of 24% YoY in Q2 2019.
    • Dungeon&Fighter (PC): +49% YoY on constant-currency basis.
    • Sudden Attack: +103% YoY on constant-currency basis.
    • Mobile Titles: KartRider Rush+ and Kingdom of the Winds launched strongly.
  • China: Underperformed QoQ and YoY due to:
    • Dungeon&Fighter PC version: Failed to reengage lapsed users despite well-received content updates.
    • MAU and pay users declined; ARPPU increased but didn’t offset the user drop.
    • Key title: Launch of Mobile Dungeon&Fighter expected August 12 with 60 million pre-registrations.

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Maiko Ara: Hello, everyone, and welcome. Thank you for joining us today. With me are Owen Mahoney, President and CEO of Nexon; and Shiro Uemura, CFO. Today’s call will contain forward-looking statements, including statements about our results of operation and financial condition such as revenues attributable to our key titles, growth prospects including with respect to online game industry, our ability to compete effectively, adapt to new technologies and address new technical challenges, our use of intellectual property and other statements that are not historical facts. These statements represent our predictions, projections and expectations about future events, which we believe are reasonable or based on reasonable assumptions. However, numerous risks and uncertainties could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Information on some of these risks and uncertainties can be found in our earnings-related IR documents. We assume no obligation to update or alter any forward-looking statements. Please note, net income refers to net income attributable to owner of the parent as stated in Nexon’s consolidated financial results. Furthermore, this conference call is intended to provide investors and analysts with financial and operational information about Nexon, not to solicit or recommend any sale or purchase of stock or other securities of Nexon. A recording of this conference call will be available on our Inve

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional